Trade Republic: A Banking License and Fractional Investing
Introduction
Trade Republic, the German neobank, has received a full banking license from the European Central Bank (ECB). This license will allow Trade Republic to offer a wider range of products and services to its customers, including deposits, loans, and payment services.
Fractional Investing
In addition to the banking license, Trade Republic has also introduced fractional investing. This allows customers to buy fractions of shares, rather than having to buy whole shares. This can make it more affordable for customers to invest in companies that they might not otherwise be able to afford.
Availability
Trade Republic is currently available in Germany, Austria, France, Spain, Italy, the Netherlands, and Ireland. The company plans to expand to other European countries in the future.
Products and Services
Trade Republic offers a wide range of products and services, including: * Commission-free stock trading * Fractional investing * ETFs * Bonds * Savings plans * Cryptocurrencies
Fees
Trade Republic charges no commissions for stock trading. However, there is a small fee for fractional investing.
Security
Trade Republic is a regulated financial institution. This means that it is subject to strict security regulations. The company also uses the latest security technologies to protect its customers' data.
Customer Service
Trade Republic offers customer service via email, phone, and chat. The company also has a comprehensive FAQ section on its website.
Conclusion
Trade Republic is a leading European neobank. The company's full banking license and fractional investing platform make it a great option for investors of all levels.
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